This US News article " 10 Pricey Cities That Pay Off" asks " So why are people willing to pay a fortune to live in certain places?" and describes 10 cities, and one of them is

San Luis Obispo, Calif. The San Luis Obispo metro area, with a population of 246,681, sits between Los Angeles and San Francisco and thus shares many of the advantages of both cities. It has the fifth-highest quality of life. Why don't more people live in smaller California cities like San Luis Obispo? Albouy says that his study does not take into account building regulations that might make it difficult for the supply of housing to increase, and thus keep housing prices up. "California would have a lot more people if you can build more houses there. And that would probably be good for the country," he says, because more people could benefit from its high quality of life.

Read the entire article at http://tiny.cc/SLO_is_top_10 same as

http://finance.yahoo.com/real-estate/article/107235/10-pricey-cities-that-pay-off.html?mod=realestate-buy

Mike Baird  mike [at} mikebaird d o t com   http://morro-bay.com